Nilfisk: Drops to record low after FY guidance cut

Nilfisk Holding A/S

26/06/2019 08:31

** Shares in Denmark-based cleaning equipment provider
Nilfisk  NLFSK.CO  fall 5% to lowest ever after 2019 guidance
cut, postponement of mid-term targets    
    ** Cites headwind in key markets, impact of weakening
economy in EMEA
    ** Now expects 2019 organic growth to be about -1.0% for the
business in total (previously saw about 2.0%)
    ** Now sees a delay to 2021 in the realization of its
mid-term targets of organic growth (3-5%) and an EBITDA margin
before special items (13.2-15.2%)

 ((marta.frackowiak@tr.com))